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"Seven months after receiving an executive order to cut red tape, federal agencies today released their final plans for cutting burdensome regulations, unveiling hundreds of changes that are estimated to save billions of dollars and millions of hours of paperwork in the coming years."

"Following a public comment period that ended earlier this summer, 26 agencies released their final reports today outlining some 500-plus reforms. White House regulatory czar Cass Sunstein wrote in an editorial in The Wall Street Journal today that a dozen of the most far-reaching changes are estimated to save businesses some $10 billion over the next five years.

The effort has been the White House's counterargument to industry groups and Republicans who accuse the administration of slowing the economic recovery by tying up businesses in red tape."